Marriott International Expects to Double its Portfolio in Asia by 2016

Marriott International, Inc. announced that it expects to more than double the size of its portfolio in the Asia-Pacific region in the next few years. With 132 hotels open in Asia today and a pipeline of signed and approved deals now totaling an additional 143 properties, the company expects to grow to at least 265 hotels by 2016, with more than 80,000 rooms in 16 countries.

Commenting on the announcement, Simon Cooper, Marriott International’s president and managing director in Asia, said: “We are delighted with our growth in the region and believe it is a great testament to the popularity of our brands and the quality of our hotels in Asia that we expect to double in size by 2016. We operate a strategically targeted brand portfolio and our products clearly resonate with our guests, our hotel owners and the communities in which we operate. We have seen great growth across our portfolio and expect to be launching new brands in the region soon, with the introduction of Fairfield by Marriott in India next year and the launch of our EDITION brand in Bangkok in 2014. We expect to grow dynamically but sustainably in Asia for many more years to come.”

With 127 open and signed hotels in China, the company expects to open on average one hotel per month in the country for the five years. In India, 23 hotels with Marriott International’s brands are already under construction and the company is likely to grow from 15 hotels to 50-plus hotels in the next few years.

“While China and India are the driving forces for our business in Asia,” Cooper continued, “we are also seeing growth with new signings and openings in Indonesia, Japan, Malaysia, Vietnam and elsewhere in the region. We see this as a golden age of travel around the world, and our Marriott hotels will be there to welcome all travellers. In the process, we are opening doors to a world of opportunity for our guests and associates alike, by offering great careers to our associates across Asia, while delivering rewarding guest experiences across our growing brand portfolio. We expect to create some 36,000 new jobs in Asia through our growth and development to increase our workforce to more than 76,000 associates in the region by 2016 – including some 40,000 in China alone.

Across Asia, the company signed 13 new hotel deals in August alone. These include a luxury Bulgari hotel in Shanghai, Courtyard by Marriott Amritsar, a Marriott resort in picturesque Dali, a Marriott in Hengyang, and a Renaissance hotel in Xuzhou. Marriott already has a significant market presence in the key cities of Beijing, Shanghai and Hong Kong. The company is now entering emerging primary and secondary cities across China and further enriching the portfolio through the addition of more resorts.

In China, Marriott is currently operating in 11 Chinese provinces and expects to be operating in an additional 13 provinces and regions by 2016 including Hunan, Heilongjiang, Inner Mongolia, Sichuan, Anhui and Macau, which represents an additional 32 Chinese cities. Marriott International expects to have hotels in 24 of the 34 provinces, municipalities, autonomous regions and special administrative regions in China by 2016.